How to Calculate Variance in Binomial Distribution?
Variance in Binomial Distribution calculator uses Variance of Data = Number of Trials*Probability of Success*(1-Probability of Success) to calculate the Variance of Data, Variance in Binomial Distribution formula is defined as the expectation of the squared deviation of the random variable associated with a statistical data following binomial distribution, from its population mean or sample mean. Variance of Data is denoted by σ^{2} symbol.
How to calculate Variance in Binomial Distribution using this online calculator? To use this online calculator for Variance in Binomial Distribution, enter Number of Trials (N_{Trials}) & Probability of Success (p) and hit the calculate button. Here is how the Variance in Binomial Distribution calculation can be explained with given input values -> 2.4 = 10*0.6*(1-0.6).